The new service will begin immediately and allow bitcoin owners to bid on investment opportunities just as a cash user would.

Should a bitcoin investor’s bid be accepted by the vendor, Racefields will process the transaction via a partnership with a regulated bitcoin exchange based in the Netherlands.

Racefields believed that outside of retail environments, bitcoin owners had not been given much opportunity to use the new currency.

It hopes the launch of RCX’s new feature will allow bitcoin users to participate in the refinancing of asset-backed securities owned by professional lenders, a domain normally reserved for traditional cash buyers.

“Including bitcoin on RCX makes perfect sense to us considering the huge amount of capital invested in the currency and the lack of serious investment opportunities available to holders of the coins,” said David Gammond, founder and chairman of Racefields (pictured above).

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“In co-operation with our exchange partner, RCX is now designed to treat bitcoin like any other currency.

“We believe that there are bitcoin users who want to build a portfolio of secured debt investments using this new currency and RCX provides them with the opportunity to do so.”

Racefields’ RCX debt trading platform launched in September 2017 and within a fortnight nearly £6m of worth of bridging loan debt was listed for sale on the platform by professional lenders in the UK.

That figure now stands at over £7.5m, around £2m of which is currently being purchased by RCX investors.

The platform has seen investor interest from large American funds and FTSE 250 companies as Racefields continues to seek professional lenders and investors to join RCX’s userbase.